Jordan November 12th, 2019

Our Take

NerdWallet rating ?
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.

3.5

The bottom line: If you're OK with a shorter interest-free window, other cards earn ongoing rewards or feature lower balance transfer fees.
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Blue Cash Preferred® Card from American Express

ANNUAL FEE

$ 800

REGULAR AFR

INTRO APR

250

RECOMMENDED CREDIT SCORE
800-950

See your approval odds

Quick Facts

  • Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • NEW 6% Cash Back on select U.S. streaming subscriptions.
  • NEW 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases.
  • Over 3 million more places in the U.S. started accepting American Express® Cards in 2017 and 2018.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 14.49% to 25.49%
  • $95 annual fee.
  • Terms Apply.

Pros & Cons

Pros

  • Leading cash-back rewards at U.S. supermarkets
  • Bonus offer for new cardholders
  • Intro APR period on Purchases and Balance Transfers

Cons

  • Has annual fee — but if you spend more than $31 per week at U.S. supermarkets, the rewards offset the fee
  • American Express isn’t accepted at as many merchants as Visa or Mastercard
  • $25 minimum redemption
Compare to Other Cards
Discover it® Balance Transfer
RECOMMENDED CREDIT SCORE

816- 1000

Best For

Long-Term Value

Annual fee

$ 822

Rewards rate

13.49% - 24.49%

Intro Offer

0%

Pros

  • Bonus cash back categories
  • No annual fee
  • Intro APR period on Purchases and Balance Transfers
  • No foreign transaction fee

Cons

  • Slightly less merchant acceptance for Discover in US – acceptance outside of US can be an issue

Chase Sapphire Preferred® Card
RECOMMENDED CREDIT SCORE

690- 850

Best For

BEST FOR: EASY-REDEEM TRAVEL REWARDS AND A BONUS

Annual fee

$ 95

Rewards rate

1x-2x

Intro Offer

60,000

Pros

Pros

  • A large bonus
  • No foreign transaction fee
  • Cool factor – metal card
  • Earn more points on travel and dining at restaurants
  • Premium travel protection benefits

Cons

Cons

  • $95 annual fee

Blue Cash Preferred® Card from American Express
RECOMMENDED CREDIT SCORE

800- 950

Best For

GROCERIES, GAS AND COMMUTING

Annual fee

$ 800

Rewards rate

1%-6%

Intro Offer

250

Pros

Pros

  • Leading cash-back rewards at U.S. supermarkets
  • Bonus offer for new cardholders
  • Intro APR period on Purchases and Balance Transfers

Cons

Cons

  • Has annual fee — but if you spend more than $31 per week at U.S. supermarkets, the rewards offset the fee
  • American Express isn’t accepted at as many merchants as Visa or Mastercard
  • $25 minimum redemption